Massachusetts Financial Services Co. MA Buys 86,688 Shares of HubSpot, Inc. (NYSE:HUBS)

Massachusetts Financial Services Co. MA raised its position in shares of HubSpot, Inc. (NYSE:HUBS) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 571,274 shares of the software maker’s stock after purchasing an additional 86,688 shares during the period. Massachusetts Financial Services Co. MA owned 1.11% of HubSpot worth $303,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HUBS. International Assets Investment Management LLC bought a new stake in shares of HubSpot in the second quarter valued at approximately $35,000. HM Payson & Co. raised its holdings in HubSpot by 36.0% during the 3rd quarter. HM Payson & Co. now owns 68 shares of the software maker’s stock valued at $36,000 after acquiring an additional 18 shares during the period. Crewe Advisors LLC lifted its position in shares of HubSpot by 525.0% during the second quarter. Crewe Advisors LLC now owns 75 shares of the software maker’s stock worth $44,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of HubSpot by 690.9% in the second quarter. J.Safra Asset Management Corp now owns 87 shares of the software maker’s stock worth $51,000 after acquiring an additional 76 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of HubSpot by 41.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 109 shares of the software maker’s stock valued at $64,000 after purchasing an additional 32 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $730.00 price objective on shares of HubSpot in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $750.00 price target (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Citigroup reduced their price objective on shares of HubSpot from $699.00 to $629.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Raymond James lowered their target price on shares of HubSpot from $725.00 to $675.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company boosted their price target on shares of HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HubSpot currently has a consensus rating of “Moderate Buy” and an average target price of $672.68.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 4,381 shares of HubSpot stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $700.00, for a total value of $3,066,700.00. Following the sale, the chief financial officer now directly owns 41,259 shares in the company, valued at approximately $28,881,300. This trade represents a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yamini Rangan sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the transaction, the chief executive officer now directly owns 67,203 shares in the company, valued at $33,009,441.57. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 in the last three months. 4.50% of the stock is owned by insiders.

HubSpot Trading Up 3.2 %

Shares of NYSE:HUBS opened at $742.74 on Friday. The stock has a market capitalization of $38.34 billion, a P/E ratio of -2,750.89, a price-to-earnings-growth ratio of 82.97 and a beta of 1.63. The stock’s 50-day moving average price is $575.54 and its 200-day moving average price is $551.94. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $745.49.

HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The business had revenue of $669.72 million for the quarter, compared to analyst estimates of $646.97 million. During the same period last year, the company earned ($0.04) EPS. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, research analysts predict that HubSpot, Inc. will post 0.4 EPS for the current year.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.